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New York BBB Wise Giving Report for
Leake and Watts Services

A BBB Accredited charity

 

  • Meets all standards

Expiration Date:
12/2013
Name:
Leake & Watts Services
Address:
463 Hawthorne Avenue
Yonkers, NY 10705
Phone:
914-375-8700
Year, State Incorporated:
1831, New York
Affiliates:
None
Stated Purpose:
" To support children, adults and families. Working together, we create strong foundations for success. "






Evaluation Conclusions
 

               
Leake & Watts Services meets the 20 Standards for Charity Accountability.




Programs
 

               
The comprehensive array of programs serving over 2,800 children and families each day includes family stabilization services, child care and Head Start, special education programs for children with emotional disorders and learning disabilities, family foster care, residential, day, and recreation services to people with developmental disabilties and residential treatment services and group homes for youth.



Governance
 

               
Chief Executive Officer:
Alan Mucatel, Executive Director
Compensation*:
$211,794
Chair of the Board:
G. Crossam Seybolt, Jr.
Chair's Profession / Business Affiliation:
Wells Fargo Advisors
Board Size:
16
Paid Staff Size:
1008



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

               
Method(s) Used:

Direct mail appeals, invitations to fund raising events, grant proposals, internet
Fund raising costs were 16% of related contributions. (Related contributions, which totaled $1,728,573, are donations received as a result of fund raising activities.)




Tax Status
 

               
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

               
The following information is based on Leake & Watts Services, Inc.'s Audited Financial Statements for the fiscal year ended June 30, 2010.

Source of Funds
 

Program Revenue

 $53,328,149

Investment Gain

 1,468,559

Contributions

 1,312,262

Special Events (Less Direct Expense)

 416,311

Other

 299,865

Loss on Sale of Fixed Assets

 (15,629)

Total Income

$56,809,517

Expenses
 
Program Expenses 

Foster Care, Residential Treatment and Medical/Mental Health Services

$19,375,544

Education and Early Childhood

18,791,126

Developmental Disabilities Services

4,248,738

Juvenile Justice - Woodfield Facility

2,620,045

Day Care Centers and Head Start

2,613,241

Preventive

2,158,347
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses
Total expenses

Income in Excess of Expenses

 49,807,041
276,770
6,534,839
$56,618,650

$190,867



Uses of Funds as a % of Total Expenses


Programs: 88%  Fund Raising: 1%  Administrative 12% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $9,248,015
Ending net assets 9,438,882
Total liabilities 55,039,311
Total assets
$64,478,193






 

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